New England Real Estate Numbers Show Positive News
PORTLAND, Maine (AP) — The latest housing report from RE/MAX of New England has some good news for the region.
The report shows double-digit growth in home sales in March compared to the year before in all six New England states, but prices remained flat or even lost ground in some cases.
The monthly report says home sales jumped 25.6 percent in Rhode Island and 25 percent in Vermont. The increases were less dramatic in the other four states in the region: 15.4 percent in Connecticut, 14.3 percent in Massachusetts, 12.3 percent in New Hampshire and 12.1 percent in Maine.
Median sale prices were flat in Maine and Massachusetts but lost ground in the other four states. Nonetheless, Jay Hummer of RE/MAX of New England says median home prices are stabilizing.
Copyright 2012 The Associated Press.